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2018 Market Analysis & Industry Outlook: Truck Transportation


Overview: the U.S. Truck Transportation Industry

This section provides answers to key questions about the industry:

  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?


Market Size & Industry Statistics

The total U.S. industry market size for Truck Transportation: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)


Order at top of page
Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.



market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the Truck Transportation industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Moving Services

Transportation Of Documents And Parcels

Local Transportation And Delivery Of Small Purchased Or Serviced Items

Transportation Of Bulk Liquids And Gases In Intermodal Tank Containers By Road

Transportation Of Bulk Liquids And Gases, Except In Intermodal Tank Containers, By Road

Transportation Of Dry Bulks, Except In Intermodal Tank Containers, By Road

Transportation Of Climate-Controlled Boxed, Palletized And Other Packed Goods, Except In Intermodal Tank Containers, By Road

Transportation Of Boxed, Palletized And Other Packed Goods, Not Climate-Controlled And Not In Intermodal Containers, By Road, Tr

Transportation Of Boxed, Palletized And Other Packed Goods, Not Climate-Controlled And Not In Intermodal Containers, By Road, Le

Transportation Of Climate-Controlled Intermodal Containers, Not Elsewhere Classified, By Road

Transportation Of Other Intermodal Containers, Not Elsewhere Classified, By Road

Transportation Of Automobiles And Light Trucks By Road

Transportation Of Livestock By Road

Transportation Of Waste By Road

Transportation Of Other Goods By Road

Drayage Services

Warehousing Services

Freight Transportation Arrangement Services

Rental Of Transportation Equipment, Except Cars, Light Trucks, And Motor Homes, Without Operators

Other Products



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Truck Transportation Industry Price Trends

Rise and fall in market prices are affectedd by supply, demand, and the cost of goods/services sold. Higher demand or COGS will put upward price pressure on prices. Higher competition among Truck Transportation companies will put a downward pressure on prices. The chart shows how prices are changing within the industry, month-to-month over the last three years.

example price index trendline

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Truck Transportation company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Truck Transportation industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Truck Transportation measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 3%

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Chief Executives0%
General and Operations Managers2%
Office and Administrative Support Occupations 12%
Installation, Maintenance, and Repair Occupations 5%
Transportation and Material Moving Occupations 76%
Motor Vehicle Operators 63%
Driver/Sales Workers and Truck Drivers 63%
Heavy and Tractor-Trailer Truck Drivers 59%
Light Truck or Delivery Services Drivers 5%
Material Moving Workers 10%
Laborers and Material Movers, Hand 8%
Laborers and Freight, Stock, and Material Movers, Hand 8%
Source: Bureau of Labor Statistics


Truck Transportation Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate









Innovation News

  • Terry Dowd trademarks "TDI TERRY DOWD INCORPORATED" - Transport, delivery, packing, crating and storage of goods - 03/02/2018
  • Legion Logistics trademarks "LEGIONTRACK" - Freight logistics management - 02/24/2018
  • YRC Worldwide trademarks "HNRY SOLUTIONS" - Business consulting services relating to product distribution, operations management services, logistics, reverse logistics, supply chain, and production systems and distribution solutions; business management services - 02/24/2018
  • Pitt-Ohio Express patents Combination Wind/solar Dc Power System - 08/17/2017
  • Utility One Source raises $54 million in funding. - 05/09/2017
  • LLL Holdings raises $2 million in funding. - 05/09/2017
  • Grassland Oregon patents Clover Variety Named Go-ber-10 - 04/27/2017
  • G3 Enterprises patents Apparatus And Methods For Alternative Coatings Applicable To Metal - 03/16/2017
  • Uship raises $18 million in funding. - 02/21/2017




  • Top Innovators

    CompanyInnovation Score
    G3 Enterprises32
    Atlantic Great Dane4
    KL Harring Transportation
    YRC Worldwide
    Core-Mark International

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • Action urged over trucks parked on busy roads - Auckland Transport (AT) has been slammed for a lack of action on trucks parking in the middle of a busy Auckland road. A Pak 'n Save delivery truck was parked in the middle of New North Road, in the Auckland suburb of Mount Albert, on Thursday and Twitter ... (01/11/2018)
    • Semi-truck crash near Wickliffe, KY shuts down US 60 - According to the Kentucky Transportation Cabinet, there has been a semi-truck crash on US 60 between Wickliffe and Barlow in Ballard Co., Ky. The crash is near the 3-mile marker nearer to Wickliffe. The road is blocked in both locations. Drivers can detour ... (01/11/2018)
    • Driver dies after semi-truck slides off Rt. 33 overpass onto Richland Avenue - The truck and trailer went over the bridge rail and landed on ... Athens City Fire Department and the Ohio Department of Transportation, according to a release from the State Patrol Monday morning. Sgt. Davis also confirmed that another traffic fatality ... (01/11/2018)
    • Supreme Court to weigh trucking company's cert petition on employment arbitration - The U.S. Supreme Court on Friday will consider a trucking company’s petition asking the court to weigh in on whether federal law requires the enforcement of arbitration agreements signed by independent contractors in the transportation industry. (01/11/2018)
    • Why technology is being deployed to change trucking - Yet that’s also a trend that will create major upheaval in the back office of trucking as well, argues John Larkin, managing director and head of transportation capital markets research for Stifel Capital Markets. “Truck brokers will either be made ... (01/11/2018)
    • Three Major Players in Canadian Transportation Announce Alliance - This alliance is designed to offer clients an option for combined land and waterway transport. QSL operates a stevedoring network in North America, offering logistics services for ships, trucks, and railcars. Groupe Robert delivers logistics, distribution ... (01/10/2018)
    • Holland-area trucking companies struggle to find drivers - At TransWay, similar to what is happening at Teddy's Transport, the aging workforce is playing a role in the struggle and so is the overall perception of being a truck driver. "There is an aging workforce," Van Wyk said. "Many veteran drivers are simply ... (01/10/2018)
    • Gas2 Week in Review, January 7: Electric Transportation and the Trucking Industry - At a time when California is proposing a ban on gas cars by 2040 and over 50% of new car registrations in Norway are PHEVs of some sort, it seems we can say for sure that the electric car era is here to stay. But what’s happening in the electric ... (01/10/2018)
    • Learn details of the truck-bus tires industry key manufacturers analysis report 2018-2025 - The Truck-Bus Tires market analysis is provided for the international ... Drilling down, segments and sectors like apparel, automotive, automotive & transportation, aviation, biotechnology, chemicals, computer equipment, computer networking (01/10/2018)
    • LA sues three major port trucking companies for 'disgraceful exploitation' of workers - “Port trucking companies’ brazen disregard for federal transportation safety standards and workers’ safety and rights is shameful,” wrote the senators, led by Brown. As a result, manufacturers, shippers and at least six major retailers ... (01/09/2018)


    Government Contracts

    In 2016, the federal government spent a total of $207,323,614 on Truck Transportation. It has awarded 4,782 contracts to 732 companies, with an average value of $283,229 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount



    Growth Opportunities / Competitive Threats

    Companies in other industries may also sell similar products. Since there is an overlap in the customer base, there may be an opportunity for companies in Truck Transportation to sell additional products/services offered by these adjacent industries. Alternatively, these industries may identify further products in this industry to target. Products most at risk are those with the highest profit margins and lowest barriers to entry.

    The following industries are competing channels for sales of similar products/services.

    Trans Box & Pallet Gds No Clim-Ctrl, Except Intrmdl Tnk Cont, Rd, Tl
    Competing IndustrySales Relative to Truck TransportationOpportunity/Threat
    Long Distance Freight Trucking Competing industry
    Long Distance Freight Trucking (Truckload) Competing industry
    Local Freight Trucking Competing industry

    Sales from other industries of Trans Box & Pallet Gds No Clim-Ctrl, Except Intrmdl Tnk Cont, Rd, Tl are less than those from Truck Transportation. This may mean that other channels are a competitive risk of increasing their Trans Box & Pallet Gds No Clim-Ctrl, Except Intrmdl Tnk Cont, Rd, Tl sales, taking market share from this industry.
    Trans Box & Pallet Gds No Clim-Ctrl, Except Intrmdl Tnk Cont, Rd, Tl Product Sales Report



    Trans Box & Pallet Gd, No Clim-Ctrl, Except Intrmd Tnk Cont, Rd, Ltl
    Competing IndustrySales Relative to Truck TransportationOpportunity/Threat
    Long Distance Freight Trucking Competing industry
    Long Distance Freight Trucking, Less Than Truckload (LTL) Competing industry
    Local Freight Trucking Competing industry

    Sales from other industries of Trans Box & Pallet Gd, No Clim-Ctrl, Except Intrmd Tnk Cont, Rd, Ltl are less than those from Truck Transportation. This may mean that other channels are a competitive risk of increasing their Trans Box & Pallet Gd, No Clim-Ctrl, Except Intrmd Tnk Cont, Rd, Ltl sales, taking market share from this industry.
    Trans Box & Pallet Gd, No Clim-Ctrl, Except Intrmd Tnk Cont, Rd, Ltl Product Sales Report



    Trans Of Dry Bulks, Except In Intermodal Tank Containers, By Road
    Trans Of Dry Bulks, Except In Intermodal Tank Containers, By Road Product Sales Report

    Trans Of Clim-Contld Box & Pallet Gds Except Intermdl Tank Conts, Rd
    Trans Of Clim-Contld Box & Pallet Gds Except Intermdl Tank Conts, Rd Product Sales Report

    Trans Of Bulk Lqds & Gases, Except In Intermodal Tank Conts, By Road
    Trans Of Bulk Lqds & Gases, Except In Intermodal Tank Conts, By Road Product Sales Report

    Trans Of Bulk Liquids & Gases In Intermodal Tank Conts By Road
    Trans Of Bulk Liquids & Gases In Intermodal Tank Conts By Road Product Sales Report

    Warehousing Services
    Warehousing Services Product Sales Report

    Transportation Of Waste By Road
    Transportation Of Waste By Road Product Sales Report

    Drayage
    Drayage Product Sales Report

    Trans Of Climate-Controlled Intermodal Containers By Road
    Trans Of Climate-Controlled Intermodal Containers By Road Product Sales Report



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